Answer:
The effective interest rate times the amount of the debt outstanding during the interest period.
Explanation:
Interest expense refers to the amount of money that is paid on the borrowing amount at a particular interest rate. If a person borrow some amount of money from the bank then he have to pay interest on the borrowing amount for a particular time period.
For example:
Borrowing amount = $10,000
Interest rate = 10%
Simple interest = Principle amount × Interest rate
= $10,000 × 0.1
= $1,000
That statement is true.
This usually happen for the commodities that are very crucial to our everyday lives, such as food, water, or oil.
No matter how much the price of these commodities increases, the demand for them will always remain constant.
Yr question is not accurate, pls check it again
Answer:
e. Depression
Explanation:
A recession occurs when there are repeated fall in gross domestic product (GDP) to a severe extent. During this period, a country can experience a significant decline in economic activity spread across the economy, prices then stay at low and could last for months; this describes a deflation that follows depression. A recession on the other hand occur after a country's economic activity reaches its peak of activity.
